Bitcoin code contributors need to consider a move away from the cryptocurrency’s proof-of-work consensus mechanism, Ripple co-founder Chris Larsen argued. In a Wednesday blog post, Larsen outlined major PoW-related vulnerabilities, noting growing concerns over Bitcoin’s carbon footprint. According to the executive, PoW-based coins like Bitcoin (BTC) should consider a code change to carbon-neutral validation methods like proof-of-stake or federated consensus, or something yet to be developed. “I would argue that such a change is critically important for Bitcoin to remain the world’s dominant cryptocurrency. PoW’s current energy demands and carbon footprint are already unsustainably high, with Bitcoin alone consuming an …

A trading platform has vowed to make crypto fun again by enabling users to unlock achievements linked to buying, selling and holding assets. EXMO says its new feature is designed to reward the exchange’s most active customers, increase loyalty, and find a new generation of brand ambassadors. Gamification has become an increasingly important development in the worlds of business and marketing — and research suggests that they can have a considerable effect on things like employee morale and customer sign up rates. How it works EXMO is launching a total of 50 achievements that are going to be up for …

Institutional investors have rallied around XRP this past week, with the assets under management, or XRP investment products, nearly doubling. According to CoinShares’ “Digital Asset Fund Flows Weekly” report, roughly $33 million flowed into XRP products this week, pushing the sector’s AUM up to $83 million. The report describes the week as the most bullish for institutional crypto products since early March, with $233 million injected in institutional funds. Altcoins saw renewed market action overall, with $65 million allocated to Ether (ETH) products, while Binance Coin (BNB) funds took in $3 million, Bitcoin Cash (BCH) saw $4 million, Polkadot’s DOT …

When the United States Securities and Exchange Commission filed legal action against Ripple Labs and its top-two executives in December, alleging that its XRP coin was in fact a security and that the firm had raised over $1.38 billion through an unregistered securities offering in 2013, many wondered if XRP would even survive. Some exchanges delisted XRP; some asset managers sold their XRP tokens. XRP had lost its place as the top 3 currency by market capitalization and was even looking like it could drop from the top 10. But reports of Ripple’s demise were spectacularly exaggerated. As of mid-April, …

XRP holders couldn’t have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of Wednesday. In addition to achieving its highest level since January 2018, this robust price increase signals that investors are not worried about the ongoing SEC “unregistered securities offering” dispute. However, just six hours after rallying to $1.96, XRP’s price crashed by more than 20%. During an interview, DCG Group CEO Barry Silbert said it would be risky for exchanges and companies in the United States to relist XRP ahead of receiving the United States …

XRP price broke out to a new multiyear high on April 13 as a surge of trading volume in the early morning hours continued into mid-day. Data from Cointelegraph Markets and TradingView shows that XRP registered a low of $1.42 before staging a 34% rally to a high of $1.88. The surge in price comes on the same day as both Bitcoin (BTC) and Ether (ETH) established new all-time highs as mainstream excitement for the cryptocurrency sector is on the uptrend ahead Coinbase's direct listing on April 14. Momentum for XRP has been building over the past couple of weeks …

The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis. As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit gains in 2021. Stellar (XLM), XRP, and XinFin Network (XDC) are three enterprise-focused cryptocurrencies that have seen their …

The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market. Yet, the XRP holdings of Ripple are reportedly worth $70 billion, which is many times higher than the valuation of the firm’s equity. Returns over last year... Cardano $ADA: +3,290% BinanceCoin $BNB: +3,058% Polkadot $DOT: +1,353% Ethereum $ETH: +1,171% Uniswap $UNI: +953% Chainlink $LINK: +875% Bitcoin $BTC: +728% XRP $XRP: +532% Litecoin $LTC: +406% Bitcoin Cash $BCH: +161% Gold: +3% US Dollar …

Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories and rumors of relisting at some exchanges. Where Bitcoin (BTC) and Ether (ETH) are up merely 2.7% and 3.4%, respectively, on the day, XRP climbed to $1.36 before retreating to $1.32, where it sits at the time of publication. The digital currency is now up 111% on a seven-day basis and a staggering 544% on the year. The recent push has also buoyed …

Ether (ETH) is likely to outperform Bitcoin (BTC), at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt season is upon us Melker sees this period of Bitcoin’s price consolidation as particularly bullish for the second-largest cryptocurrency, which recently reached new all-time highs. Melker sees Ether’s outstanding performance as the main catalyst of the recent altcoin market bull run. He also revealed he has been largely switching his dollar-cost averaging strategy from Bitcoin to Ether in the last few months, in order to take advantage of Ethereum’s “tremendous upside potential.” “It’s like …

XRP price's journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission lawsuit against Ripple initiated in December 2020. The regulator alleges that XRP was a $1.3 billion unregistered securities offering, and both CEO Brad Garlinghouse and co-founder Christian Larsen are also in the crosshairs. On Tuesday, Ripple Labs was granted access to the SEC's documents "expressing the agency's interpretation or views" on the subject of crypto assets. Such news coincided with an explosive 75% rally in 30 hours, causing XRP to cross the $1 mark for the first time since March …

After the United States Securities and Exchange Commission initiated a lawsuit against Ripple alleging that the firm had been indulging in the sale of securities worth $1.3 billion, a number of prominent exchanges across the globe (including Coinbase, Kraken and Okcoin) proceeded to delist Ripple’s native cryptocurrency, XRP, from their platforms. As a result, many across the globe thought it was just a matter of time before the once-promising project died a slow-but-sure death; however, it seems that XRP has been on a tear ever since the bad news dropped, with the cryptocurrency’s value having risen by over 100% since …